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An assignment of lease is an agreement whereby the original tenant to a lease assigns his rights and responsibilities under that lease to another person. The original tenant may choose to use an assignment for a number of reasons including job relocation, financial concerns or changes in circumstances. This form is for use with residential leases and contains an optional landlord consent clause.

Among others, this form includes the following provisions:

Assignment

Assumption of Rights and Obligations

Indemnification

Assigner’s Representations

This lawyer-prepared packet contains:

Instructions and Checklist

General Information

Assignment of Residential Lease for India

Law Compliance: This form complies with the laws of the states and territories of India

This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Assignment of Residential Lease

(India)

This Assignment of Lease (the “Assignment”) is made and entered on __________________, 20______ (the “Effective Date”), by and between __________________________________ (“Assignor”) and _______________________________________ (“Assignee”) (collectively referred to as the “Parties”). Assignor is the original “Tenant” in the ___________agreement dated _________________ between the Assignor and ___________________________ (“Landlord”) for a term ending on ______________, 20___, for the premises located at ________________________________________________________(the “Master Lease”), attached hereto as Exhibit A.

The Parties agree as follows:

1. ASSIGNMENT: For value received, Assignor hereby assigns to Assignee all of his/her interests, rights and title held by Assignor in and to the Master Lease from the Effective Date until the present term expires.

2. ASSUMPTION OF RIGHTS AND OBLIGATIONS: Assignee hereby (i) assumes all of Assignor’s right, title and interest to the Master Lease and (ii) agrees to comply with all the terms, make all payments, and perform all conditions and covenants in the Master Lease due or required after the Effective Date as if Assignee were the original tenant therein.

3.INDEMNIFICATION:Assignee will indemnify, protect and hold Assignor harmless from and against any and all loss, cost, or damage in any way related to Assignee’s breach or default of the obligations or covenants in the Master Lease or this Assignment.

4. ASSIGNOR’S REPRESENTATIONS:Assignor warrants that the Master Lease is in full force and effect and fully assignable or may be assigned with consent of Landlord (such consent to be obtained by Assignor before executing this Assignment). Assignor warrants that he has performed all duties and obligations and made all payments required under the Master Lease. Assignor further warrants that the contract rights transferred in this Assignment are free of lien, encumbrance or adverse claim.

5. BINDING EFFECT: The covenants and conditions contained in the Assignment shall apply to and bind the Parties and their heirs, legal representatives, successors and permitted assigns.

6. GOVERNING LAW: This Assignment shall be governed by and construed in accordance with the laws of India.

7. NOTICE: Any notice required or otherwise given pursuant to this Assignment shall be in writing and mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service to:

Assignor: Assignee:

________________________________ ______________________________

________________________________ ______________________________

________________________________ ______________________________

Either party may change such addresses from time to time by providing notice as set forth above.

8. WAIVER: The failure of either party to enforce any provisions of this Assignment shall not be deemed a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Assignment.

IN WITNESS WHEREOF, the Parties have caused this Assignment to be executed the day and year first above written.

ASSIGNOR: ASSIGNEE:

__________________________________ _______________________________

___________________________________ _______________________________

(Name)(Name)

___________________________________ _______________________________

(Position, if applicable)(Position, if applicable)

LANDLORD’S CONSENT

The undersigned, Landlord in the Master Lease, hereby consents to the foregoing Assignment.

LANDLORD:

_____________________________

_____________________________(Name)_____________________________(Position, if applicable)

EXHIBIT A

MASTER LEASE

Number of Pages7

DimensionsDesigned for Letter Size (8.5" x 11")

EditableYes (.doc, .wpd and .rtf)

UsageUnlimited number of prints

Product number#33681

This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Assignment of Residential Lease

(India)

This Assignment of Lease (the “Assignment”) is made and entered on __________________, 20______ (the “Effective Date”), by and between __________________________________ (“Assignor”) and _______________________________________ (“Assignee”) (collectively referred to as the “Parties”). Assignor is the original “Tenant” in the ___________agreement dated _________________ between the Assignor and ___________________________ (“Landlord”) for a term ending on ______________, 20___, for the premises located at ________________________________________________________(the “Master Lease”), attached hereto as Exhibit A.

The Parties agree as follows:

1. ASSIGNMENT: For value received, Assignor hereby assigns to Assignee all of his/her interests, rights and title held by Assignor in and to the Master Lease from the Effective Date until the present term expires.

2. ASSUMPTION OF RIGHTS AND OBLIGATIONS: Assignee hereby (i) assumes all of Assignor’s right, title and interest to the Master Lease and (ii) agrees to comply with all the terms, make all payments, and perform all conditions and covenants in the Master Lease due or required after the Effective Date as if Assignee were the original tenant therein.

3.INDEMNIFICATION:Assignee will indemnify, protect and hold Assignor harmless from and against any and all loss, cost, or damage in any way related to Assignee’s breach or default of the obligations or covenants in the Master Lease or this Assignment.

4. ASSIGNOR’S REPRESENTATIONS:Assignor warrants that the Master Lease is in full force and effect and fully assignable or may be assigned with consent of Landlord (such consent to be obtained by Assignor before executing this Assignment). Assignor warrants that he has performed all duties and obligations and made all payments required under the Master Lease. Assignor further warrants that the contract rights transferred in this Assignment are free of lien, encumbrance or adverse claim.

5. BINDING EFFECT: The covenants and conditions contained in the Assignment shall apply to and bind the Parties and their heirs, legal representatives, successors and permitted assigns.

6. GOVERNING LAW: This Assignment shall be governed by and construed in accordance with the laws of India.

7. NOTICE: Any notice required or otherwise given pursuant to this Assignment shall be in writing and mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service to:

Assignor: Assignee:

________________________________ ______________________________

________________________________ ______________________________

________________________________ ______________________________

Either party may change such addresses from time to time by providing notice as set forth above.

8. WAIVER: The failure of either party to enforce any provisions of this Assignment shall not be deemed a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Assignment.

B T -

Vero Beach,

FL

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